38. On December 31, 2015, Peligrino Co. has a long term note payable of $800,000. Of that balance, $100,000 will be paid within one year from the balance sheet date. How much of the note payable should Peligrino Co. report as a long term liability when they prepare the December 31, 2015 balance sheet? A. $700,000. B. $800,000. C. $900,000. D. $1,000,000. E. Nothing. Disclose in a note to the nancial statements